A cryptocurrency scam has been targeting ships transiting the Strait of Hormuz, with fraudulent messages promising safe passage in exchange for crypto payments sent by unknown actors posing as Iranian authorities. At least one vessel appears to have fallen for the scheme before being attacked by Iran, which has also seized multiple ships in the waterway amid ongoing tensions and Trump's extended ceasefire attempt. The scam exploits desperation among shipping companies whose vessels are stranded west of the strait due to the conflict that began in late February, turning the blockade into an opening for financial fraud.